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We strive to provide competitive deposit rates. Dividends are
paid from current income and available earnings after required
transfers to reserves at the end of a dividend period. We compute
the balance in our share, share draft and share certificate
accounts to determine the dividends you will be paid by using
the average daily balance method which applies a periodic rate
to the average daily balance in the account for the period.
We calculate the average daily balance by adding the balance
in the account for each day of the period and dividing that
figure by the number of days in the period.
This Rate Schedule states rates applicable to specified accounts
and fees common to all accounts. The dividend rate and annual
percentage yield stated for the term share accounts were accurate
as of 09/25/08 and are subject
to change without notice. Please call the Credit Union for
current rates.
| Account Name |
Rate Type |
Minimum Opening |
Minimum to Earn Div. |
APR(1) |
APY(2) |
| Share |
Variable |
$25.00 |
$100.00 |
0.35% |
0.35% |
| Share Draft |
Variable |
$0.00 |
$100.00 |
0.10% |
0.10% |
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| Certificate Type |
Rate Type |
Minimum Opening |
Minimum to Earn Div. |
APR(1) |
APY(2) |
| 6 months |
fixed |
$1,000.00 |
$1,000.00 |
2.480% |
2.51% |
| 12 months |
fixed |
$1,000.00 |
$1,000.00 |
2.550% |
2.58% |
| 24 months |
fixed |
$1,000.00 |
$1,000.00 |
2.700% |
2.73% |
| 36 months |
fixed |
$1,000.00 |
$1,000.00 |
2.800% |
2.84% |
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| IRA Certificate Type |
Rate Type |
Minimum Opening |
Minimum to Earn Div. |
APR(1) |
APY(2) |
| 12 months |
fixed |
$500.00 |
$500.00 |
2.550% |
2.58% |
(1)
APR = Annual Percentage Rate
(2) APY = Annual Percentage Yield
Share/Share Draft Dividend Declaration Date: Sep 18,
2008
For the Period: Jul 01 - Sep 30, 2008. |
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